| Author | Message | ||
     Basky_indya Hero Username: Basky_indya Post Number: 16881 Registered: 10-2007 Posted From: 75.185.64.101 Rating: N/A |
as of now oka 2 velu undhi eee plan lo. but induloki ekkuva percentage diverst chesthe, taxes tagguthayi kadhaa ani. at the same time, max dabbulu indulo petti irrrukko koodadhu kadha.... andukene adigi telusu kuntunnanu.... Gigantic Techno fuctional Mega Blockbuster Magnum Opus BOMMA | ||
| Jkm Side Hero Username: Jkm Post Number: 3601 Registered: 02-2008 Posted From: 24.99.241.217 Rating: N/A |
Is everything OK ? అందమయిన జీవితము. అందమయిన ప్రపంచం. కొత్త బంగారు లొకము మాకు కావాలి సొంతము. | ||
| Basky_indya Hero Username: Basky_indya Post Number: 16880 Registered: 10-2007 Posted From: 75.185.64.101 Rating: N/A |
ok thanks for inputs. Gigantic Techno fuctional Mega Blockbuster Magnum Opus BOMMA | ||
| Ishan Junior Artist Username: Ishan Post Number: 132 Registered: 01-2009 Posted From: 68.90.238.50 Rating: N/A |
Panichesthunte withdrawl undadu but if you are changing your jobs or lost your job you can withdraw. | ||
| Jkm Side Hero Username: Jkm Post Number: 3597 Registered: 02-2008 Posted From: 24.99.241.217 Rating: N/A |
http://www.rolloveraid.com/ 401k Withdrawal Options You can rollover an IRA from one account to another at any time, but if you are a victim of a corporate layoff, or considering changing jobs or about to retire and you are thinking of rolling over or contemplating withdrawal of funds from your 401k plan, then you have several options depending on your age, provided you are no longer working for the employer providing the 401k plan. Your 401k withdrawal options are as follows if you are under 59 ½ -Take a lump sum distribution, in which case your 401k plan provider will write you a check for the value of your account less a 20% withholding tax mandated by the IRS, and a 10% withdrawal penalty. The 20% tax that is withheld, but NOT the 10% penalty, will be counted against your income tax payable or will be counted towards any refund due for the tax year when you file your tax return. Some 401k penalty free withdrawal exceptions are here. -You can do nothing and leave it with your previous employer as long as the amount is greater than $5,000. Amounts less than $5,000 will usually be distributed to you, less a 20% withholding tax, regardless of you age. (Check with your plan sponsor) -Do 401k rollover into an IRA or a solo 401k (if you are planning to open your own one person business) అందమయిన జీవితము. అందమయిన ప్రపంచం. కొత్త బంగారు లొకము మాకు కావాలి సొంతము. | ||
| Jkm Side Hero Username: Jkm Post Number: 3596 Registered: 02-2008 Posted From: 24.99.241.217 Rating: N/A |
2. After you separate from the employer, then you will have the freedom to transfer money to rollover IRA from 401K. అందమయిన జీవితము. అందమయిన ప్రపంచం. కొత్త బంగారు లొకము మాకు కావాలి సొంతము. | ||
| Cylonesubbarao Hero Username: Cylonesubbarao Post Number: 11707 Registered: 02-2008 Posted From: 72.90.253.159 Rating: N/A |
Check the post from Idle... it has all the details. You must be the change you wish to see in the world  | ||
| Jkm Side Hero Username: Jkm Post Number: 3595 Registered: 02-2008 Posted From: 24.99.241.217 Rating: N/A |
yes.i know. not while you're still working. but once you leave the company or after layoff you can withdraw. you may or may not get company match contribution. that depends company.but we can withdrw employee contribution by paying 10% penalty. may be we have to move that money to rollover before withdrawl. అందమయిన జీవితము. అందమయిన ప్రపంచం. కొత్త బంగారు లొకము మాకు కావాలి సొంతము. | ||
| Cylonesubbarao Hero Username: Cylonesubbarao Post Number: 11706 Registered: 02-2008 Posted From: 72.90.253.159 Rating: N/A |
Already Idle kurrodu ki oka saari email chesaa... how to withdraw anedi... he already posted here. First of all... oka company lo work chesthunnappudu... depending on company 401k policy you may or may not be entitled for early withdrawal. But they will let you take loans out of it. Maa company lo early withdrawal (even hardship withdrawal) levu... but I can take loans from my 401k account. Apart from this every company has its own vesting policies... veeti meeda kooda depend avutundi. You must be the change you wish to see in the world | ||
| Ishan Junior Artist Username: Ishan Post Number: 130 Registered: 01-2009 Posted From: 68.90.238.50 Rating: N/A |
Wrong endukandi? penalty + tax pogaa migilindi you can withdraw. Of course withdrawl is strongly not recommended because of those losses. If you are changing your jobs just transfer it. http://www.christianet.com/stocks/401kearlywithdrawalpenalty .htm | ||
| Idle_yzag Hero Username: Idle_yzag Post Number: 15603 Registered: 02-2008 Posted From: 65.96.117.91 Rating: N/A |
rao garu vudesam lo vesting period option consider cheyali anukunta From rao garu, here are 401k instructions 1. You will not be allowed to move money from your 401K to rollover IRA if you are still working at the company where 401K exists. 2. After you separate from the employer, then you will have the freedom to transfer money to rollover IRA from 401K. 3. Your goal for removing money from 401K is to minimize taxes and penalties. 4. Being a GC holder, you can file like a US resident even when resident in India, this means standard exemption and personal deductions available. 5. Assumption is that your other passive income globally will be small such that most of the standard deduction(approx 11K) and four personal exemptions (approx 13K plus) will be available for deductions. 6. It is assumed that your Indian salary income will be under the Foreign earned income exclusion limit which currently is north of $80 (I do not remember the exact number). 7. Given above, you can withdraw something close to $24K each year while in India and escape State taxes and pay federal taxes of zero. 8. The above procedure means it would take about 3 years to withdraw your balance. 9. With above procedure, you will have to pay 10% penalty but no other taxes. 10. Any interest, dividends received after RNOR period will be subject to Indian taxes, but should be very small. 11. As to transfer to ROTH, you will be able to do that anytime you want - there are some constraints based on income, but if you do that after R2I at the rate of somewhere between 20K to 24K a year, you should be able to do that without a problem. 12. Instead of withdrawing from IRA after R2I, you can transfer to ROTH and thus escape penalty. Taxes, of course will be as calculated and as suggested above, if ROTh transfer is per schedule suggested above, the taxes also would be zero. 13. After five years have elapsed, you will be able to withdraw the principal tax and penalty free. 14. Assuming the the ROTH has grown in the five years, the growth if withdrawn prior to age 59.5 will be subject to penalty and taxes and no penalty and no taxes if withdrawn after age 59.5 15. Any interest and dividends accrued in ROTH IRA and any capital gain / loss transactions within the account will be also under the purview of Indian taxes. JP/YSR/Rahul/Chiru | ||
| Jkm Side Hero Username: Jkm Post Number: 3594 Registered: 02-2008 Posted From: 24.99.241.217 Rating: N/A |
enduku wrong ? naaku thelisnatha varuku 401k ki early withdrawl ki penalty and anual income tax pay cheyyali. anthe eppudaina withdraw cheyyochu. chaala mandi job lenappudu withdraw chestharu. year lo 401K money okate income ayithe lower bracket income tax loki pothundi. అందమయిన జీవితము. అందమయిన ప్రపంచం. కొత్త బంగారు లొకము మాకు కావాలి సొంతము. | ||
| Cylonesubbarao Hero Username: Cylonesubbarao Post Number: 11705 Registered: 02-2008 Posted From: 72.90.253.159 Rating: N/A |
Wrong! You must be the change you wish to see in the world | ||
| Ishan Junior Artist Username: Ishan Post Number: 127 Registered: 01-2009 Posted From: 68.90.238.50 Rating: N/A |
Yes you will get rest of the money. | ||
| Jkm Side Hero Username: Jkm Post Number: 3591 Registered: 02-2008 Posted From: 24.99.241.217 Rating: N/A |
401k eppudu kaavali ante appudu withdraw chesukovachu. 10% early withdrwal penalty pay cheyyali. withdraw chesina year income tax pay cheyyali. అందమయిన జీవితము. అందమయిన ప్రపంచం. కొత్త బంగారు లొకము మాకు కావాలి సొంతము. | ||
| Basky_indya Hero Username: Basky_indya Post Number: 16877 Registered: 10-2007 Posted From: 75.185.64.101 Rating: N/A |
mamalu pls throw some light on 401k withdrawl. project aipothe, company nundi terminate avuthe, ventake mana 401k vacchesthundaaa mana chetiki.... 10% tax cut is understood, but migatha money vastunda, ventane.. Gigantic Techno fuctional Mega Blockbuster Magnum Opus BOMMA |
